Maiden Mineral Resource Estimate For BamaStar Project

VANCOUVER - South Star Battery Metals Corp. announced the successful completion of its maiden mineral resource estimate (MRE) for the BamaStar Graphite Project located in Coosa County, Alabama. The independent mineral resource estimate was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101.

Richard Pearce, CEO, said, "The BamaStar maiden mineral resource estimate is a fantastic result and confirms the potential for a significant deposit at this historical mine with at-surface mineralization that should be amenable to open pit mining techniques and low strip ratios. It's one of two projects in the continental United States with a defined mineral resource estimate. The preliminary drilling program was designed to test limits and continuity, and the team successfully achieved those objectives. We have successfully completed our 3-tonne pilot plant metallurgical testing program confirming our process flowsheet and recoveries. We have contracts signed for the next drilling program expected to begin around May 2023, and we are planning to get a NI 43-101 PEA completed by Q1 of 2024. The PEA will present our strategic plan of two mines, each producing 50,000 tonnes per year of concentrates, feeding a centrally located, value-add plant in the southeast United States and producing active anode material for electric vehicles, as well as purified/micronized and expandable graphite products. South Star has two scalable assets in strategic, stable, mining-friendly jurisdictions and the team to build and operate them in a safe responsible manner in partnership with communities and stakeholders. It's happening at the perfect time, when supply is constrained and demand is outstripping supply. This dynamic will be putting significant pressure on the graphite price in 2023 and for the foreseeable future. Santa Cruz will have the first new graphite production in the Americas since 1996 this year, and BamaStar is expected to be producing in 2027."